Swiss conveyor technology manufacturer increases earnings
Schindler increased revenue and profits in local currencies in the first quarter of 2025. The margin on operating profit also increased year-on-year. For the year as a whole, the global elevator manufacturer is aiming for single-digit revenue growth in local currencies.
The Schindler Group generated total global sales of 2.73 billion Swiss francs in the first quarter of 2025, the Ebikon-based group of companies specializing in elevators, escalators and passenger conveyor belts announced in a press release. Year-on-year, this corresponds to growth of 2.5 percent in local currencies. In the same period, order intake increased by 6.0 percent in local currencies to 2.95 billion Swiss francs.
At CHF 329 million, operating profit at EBIT level was 13.4% higher in local currencies than in the first quarter of 2024. The EBIT margin increased by 1.1 percentage points to 12.0%. Net profit amounted to CHF 257 million, compared to CHF 232 million in the same period of the previous year.
“In the first quarter, we recorded more orders, increased margins and higher cash flow,” said Schindler CEO Paolo Compagna in the press release. “Our focus remains on our strategic priorities while keeping an eye on the volatile macroeconomic environment, in particular the weakening market indicators for the Americas region.” For the year as a whole, Schindler expects revenue growth in the low single-digit range. The EBIT margin should be maintained at around 12 percent. In the medium term, the Group aims to achieve an EBIT margin of 13 percent.